{
  "url": "https://openlegislation.uk/eu-regulation-2012-648/article-50c",
  "json_url": "https://openlegislation.uk/eu-regulation-2012-648/article-50c.json",
  "legislation": "eur/2012/648",
  "legislation_title": "Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2012-648",
  "path": "article/50c",
  "kind": "article",
  "number": "50c",
  "heading": "Reporting of information",
  "text": "1 . For the purposes of Article 308 of Chapter 3 of the Counterparty Credit Risk (CRR) Part of the PRA Rulebook and Chapter 10 of the Prudential Sourcebook for MiFID Investment Firms (MIFIDPRU) in the FCA Handbook, a CCP shall report the following information to those of its clearing members which are institutions or FCA investment firms and to their competent authorities:\n( a ) the hypothetical capital (K CCP );\n( b ) the sum of pre-funded contributions (DF CM );\n( c ) the amount of its pre-funded financial resources that it is required to use — by law or due to a contractual agreement with its clearing members — to cover its losses following the default of one or more of its clearing members before using the default fund contributions of the remaining clearing members (DF CCP );\n( d ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n( e ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nWhere the CCP has more than one default fund, it shall report the information in the first subparagraph for each default fund separately.\n2 . The CCP shall notify those of its clearing members which are institutions or FCA investment firms at least quarterly or more frequently where required by the competent authorities of those clearing members.\n3 . The Bank of England, having consulted the PRA and the FCA, may make technical standards specifying the following:\n( a ) the uniform template for the purpose of the reporting specified in paragraph 1;\n( b ) the frequency and dates of the reporting specified in paragraph 2;\n( c ) the situations in which the competent authority of an institution or FCA investment firm acting as a clearing member may require higher frequencies of reporting than those referred to in point (b).\n...\n...",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Inserted by Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Text with EEA relevance)."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Art. 50c(1) substituted (1.1.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/1376), regs. 1(3), 24(7)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Art. 50c(1) inserted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 19(5)(a)(i) (with regs. 24-26)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Art. 50c(1) inserted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 19(5)(a)(ii) (with regs. 24-26)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Art. 50c(1)(d) omitted (1.1.2022) by virtue of The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/1376), regs. 1(3), 24(7)(b)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Art. 50c(1)(e) omitted (1.1.2022) by virtue of The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/1376), regs. 1(3), 24(7)(b)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Art. 50c(2) inserted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 19(5)(b) (with regs. 24-26)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Art. 50c(3) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 52(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in Art. 50c(3)(c) inserted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 19(5)(c) (with regs. 24-26)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Art. 50c(3) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 52(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "X",
      "label": "X1",
      "text": "Substituted by Corrigendum to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2012/648/article/50c",
    "retrieved_at": "2026-11-01T14:49:18.722951+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}